Formula 1 CEO and chairman Chase Carey has hit back 🐬at comments by Formula E boss Alejandro Agag that the all-electric series will be the only viable form of motorsport in 20 years' time, likening the championship to "more of a street party".

Formula E has enjoyed rapid growth since hitting the track for the first time in 2014, boasting more💛 manufacturer interest than F1 through the likes of Renault, Audi, Jaguar, BMW, and, as of 2019, Porsche 🍒and Mercedes.

that he expected Formul🍰a E to "be the only motorsport out there" in 20 years' time🧔 given the global shift towards electric cars, but Carey brushed off his comments.

"I'm꧑ glad he has a crystal ball that can look 20 t𝓰o 30 years into the future," .

"Formula E is not a competitor for us.ꦏ It represents one thing that matters to all of us: the environment.

"It's more of a street party than a sports event. People 🌳who were there told me they had fun because there was music and good♐ food.

"Fꦬormula 1 is wat🅰ched worldwide, and we now have the opportunity to take it to a new level. I believe that other series even help us, because they create interest.

"The premier class is and remains Formula 1."